Alessandro Imperadore is an accomplished and extremely driven advisor and real estate agent within the residential real estate industry in the UAE, Dubai. Experienced professional with residential experience in acquisitions, dispositions, asset management, property management, leasing and strategic planning with a proven track record of success.
2000
Projects Completed
280
Clients Served
15
Awards Won
100
% Satisfaction
Our featured projects
Fairmont Solara Tower
Let's make it count
FREQUENTLY ASKED QUESTIONS
Yes, foreigners can purchase property in Dubai. The city designates specific areas, known as freehold zones, where non-UAE nationals can own properties outright. These areas include popular locations like Dubai Marina, Palm Jumeirah, and Downtown Dubai. It's essential to verify that the property you're interested in is within these designated zones.
In Dubai, property ownership for foreigners primarily falls into two categories:
Freehold Ownership: Allows full ownership of the property and the land it's on, without time restrictions.
Leasehold Ownership: Grants the right to use the property for a fixed term, typically up to 99 years, but the land remains under the ownership of the landlord.
Understanding these distinctions is crucial before making a purchase.
Beyond the property's purchase price, buyers should be aware of additional costs, including:
Dubai Land Department (DLD) Fees: Typically 4% of the property's value.
Agency Fees: Usually around 2% of the purchase price.
Maintenance Fees: Ongoing costs for property upkeep, varying based on property type and location.
Mortgage Registration Fees: If financing, there's a fee of 0.25% of the loan amount. Being aware of these expenses ensures better financial planning.
Being aware of these expenses ensures better financial planning.
To assess a developer's reputation:
Research Past Projects: Examine the quality and delivery timelines of their previous developments.
Check Registration: Ensure the developer is registered with the Dubai Land Department (DLD).
Read Reviews: Seek feedback from current property owners about their experiences.
Due diligence helps in making an informed decision.
Several financing avenues exist:
Mortgages: Both residents and non-residents can apply, though terms may vary.
Developer Payment Plans: Some developers offer installment plans, especially for off-plan properties.
Personal Savings: Utilizing personal funds remains an option.
It's advisable to consult with financial institutions or mortgage advisors to determine the best option for your situation.